Introduction to public finance

Content for Wednesday, October 25, 2023

Readings

Required

Home rule in Illinois

  • Banovetz, James M. “The Status of Illinois Home Rule, Part I: Home Rule Cities and the Voters.” (Banovetz 2002)
  • Banovetz, James M., and Thomas W. Kelty. “The Status of Illinois Home Rule, Part II: Home Rule and Taxes.” (Banovetz and Kelty 2003a)
  • Banovetz, James M., and Thomas W. Kelty. “The Status of Illinois Home Rule, Part III: Do Home Rule Communities Levy More Property Taxes?” (Banovetz and Kelty 2003b)

Assignments

  • Get approval of your instructor for a local government annual financial report that you will review during the course. Obtain a city, county or special district finance document from your community or the community where you work (or live). The community’s budget and capital improvement plan (if there is one) may also aid you in your revenue analysis. You can upload these as well. Best option: Obtain the ACFR from your PSPA 610 community (the same as for your budget review). Contact me if you have any problems obtaining this report.
  • Contribute to the discussion board

References

Banovetz, James M. 2002. “The Status of Illinois Home Rule, Part I: Home Rule Cities and the Voters.” Illinois Municipal Review, 53.
Banovetz, James M., and Thomas W. Kelty. 2003a. “The Status of Illinois Home Rule, Part II: Home Rule and Taxes.” Illinois Municipal Review.
———. 2003b. “The Status of Illinois Home Rule, Part III: Do Home Rule Communities Levy More Property Taxes?” Illinois Municipal Review, 55.
Bland, Robert L., and Michael R. Overton. 2019. A Budget Guide for Local Government. 4th ed. Washington DC: ICMA Press.
Fisher, Ronald C. 2023. State & Local Public Finance. 5th ed. New York, NY: Routledge.
Kioko, Sharon, and Justin Marlowe. 2023. Financial Strategy for Public Managers. 4th ed. Seattle, WA: The University of Washington.